Suppose the comparative balance sheets of Sage Hill Inc. are presented here. SAGE HILL INC Condensed Balance Sheet May 31 ($ in millions) 2017 2016 Assets Current Assets Property, plant, and equipment (net) Other assets Total assets Liabilities and Stockholders' Equity Current Liabilities Long-term liabilities Stockholders' equity Total Iiabilities and stockholders' equity $13,210 $12.230 $9,680 $ 8,760 2,040 1,830 1,490 1,640 $13,210 $ 12,230 $3,160 $ 3,310 1,340 1,370 8.7107550 (a) Prepare a horizontal analysis of the balance sheet data for Sage Hill, using 2016 as a base. (f amount and percentage are a decrease show the numbers as negative, eg 55,000,-20% or (55,000 (20%). Round percentages to 1 decimal place eg 12.1%) (b) Prepare a vertical analysis of the balance sheet data for Sage Hill for 2017. SAGE HILL INC Condensed Balance Sheet $ (in millions) Percent Assets Current Assets Property, plant, and equipment (net) Other assets $ 9.680 2,040 1.490 $ 13,210 196 1% Total assets Liabilities and Stockholders' Equity Current Liabilities Long-term Liabilities Stockholders' equity $3,160 1,340 8,710 $ 13,210 Total liabilities and stockholders' equity